HELP & SUPPORT

What is online money transfer?

By FXcompared | Monday, August 3rd, 2015

CAN I PERFORM MY MONEY TRANSFER ONLINE?

Yes. All the brokers listed on our site have online platforms. These platforms allow you easy 24/7 access to their service and you can manage the process and view your transactions and reporting. Some providers on the site only offer online services. In our comparison table, you will be able to see this under the “Types of Transfer” section.

How the online process works:

Once you have registered with the chosen provider you will receive a username and password. The next step is to log into an automated system and buy currency at live rates, as much or as little as you want. All trades are confirmed instantly and customer service is on hand to deal with any issues you may have. In some cases, your first trade will be reviewed by a customer service team to help you through the process.

Key benefits in using an online platform:

Transparency and real-time tracking
No offline transaction fees
Allows the business or individual to take control of money transfers
Execution only system passes savings directly onto the customer
Simple transfer process
Fast and Cost Effective
Save recipients and automate a repeatable process
Security (every provider listed on our site is regulated by the relevant Government body in the country they operate in)

Help and Support - Money Transfer FAQs | FXcompared

Money Transfer Comparison

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Results are ranked in order of the best overall deal, taking into account transfer times, rates, fees, and customer service.

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.